Sul­tan Ahmed is chair­man of Hyper­loop One

CEO of DP World, has been named chair­man of Vir­gin Hyper­loop One. The po­si­tion was va­cant fol­low­ing the res­ig­na­tion of Richard Bran­son last month.

The Dubai Me­dia Of­fice on Satur­day an­nounced the changes at the fu­tur­is­tic trans­porta­tion com­pany in which DP World holds a ma­jor­ity stake.

Jay Walder, one of the world’s lead­ing mass trans­porta­tion and tech­nol­ogy ex­ec­u­tives, has been ap­pointed its new CEO, ac­cord­ing to the Dubai Me­dia Of­fice. Walder will also join the com­pany’s board of di­rec­tors and re­place Rob Lloyd, who served as CEO for more than three years.